Flybe has raised £66 million in a stockmarket flotation. The float was oversubscribed by a factor of two to one. Flybe CEO, Jim French said he was “very pleased” that the share offer was oversubscribed which valued the business at £215 million after it launched at 295p a share. After a day of trading on the grey market, before formal trading begins on Wednesday, the shares closed up 16% at 341.25p. “We have long seen a listing as an essential step in the growth and development of the business,” said French. Flybe said half the proceeds from the flotation would
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